Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Jan 28, 2020 3:57:26 GMT -8
Good morning. Today is the day that we have been eagerly waiting for. Apple reports earnings after the market closes this afternoon. The pre-market is a nice shade of green and hopefully is a good indication of the day. Let’s make some money. Apple earnings take center stage
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Jan 28, 2020 4:12:16 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Jan 28, 2020 6:25:33 GMT -8
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Post by trainspotter on Jan 28, 2020 6:32:05 GMT -8
Another anecdotal sign that wearables are gaining traction in today's WSJ: AirPods: The New It Item Among the Playground SetMy favorite passage: Jerrold Ivery knows how hard it is for a child to hold onto such a small item. His 10-year-old son, Justus, has been hounding him for AirPods ever since his 13-year-old sister got a pair. He started out with a $20 pair of generic wireless earbuds and lost them two weeks later. More recently, he borrowed his dad’s AirPods while at the mall—and left the charging case at a store. “The first thing out of my mouth was, ‘This just proves to me that you’re not ready to handle a $160 responsibility,’” said Mr. Ivery, who works in film-production finance in Los Angeles. “I was going to give him AirPods for his 11th birthday, which is next month, but I need to hold off longer.”
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Jan 28, 2020 6:36:45 GMT -8
Welcome, trainspotter! I must have missed your first post. Feel free to tell us a bit about yourself.
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Jan 28, 2020 8:41:28 GMT -8
Another anecdotal sign that wearables are gaining traction in today's WSJ: AirPods: The New It Item Among the Playground SetMy favorite passage: Jerrold Ivery knows how hard it is for a child to hold onto such a small item. His 10-year-old son, Justus, has been hounding him for AirPods ever since his 13-year-old sister got a pair. He started out with a $20 pair of generic wireless earbuds and lost them two weeks later. More recently, he borrowed his dad’s AirPods while at the mall—and left the charging case at a store. “The first thing out of my mouth was, ‘This just proves to me that you’re not ready to handle a $160 responsibility,’” said Mr. Ivery, who works in film-production finance in Los Angeles. “I was going to give him AirPods for his 11th birthday, which is next month, but I need to hold off longer.” Our family has done amazingly well at not losing stuff, but occasionally we manage. We've heard of kids losing or breaking their iPhones and AirPods. The ones we've heard of have no skin in the game. It was just a gift or something. We're not perfect at it by any means, but we do attempt to keep our kids more level headed by not just giving them expensive things that they are not ready for. I have a hard time accepting it, but my son did a great job of buying his own RC car ($450) with money he earned raking pine needles. (to me it's a lot of money for a toy, but in comparison I spent $110 on a fancy computerized chess game from Radio Shack as a kid, and they barely ever touched it). Anyways, I think the key, with kids and with all people, is to have at least a little buy-in. It sounds like it's past time for my son to get an iPhone, being ostracized as a 7th grader for not having a phone yet. Supposedly they all have them. We only know of one or two that have non-smart phones...all others that we know of directly have iPhones, and the stories are that there are a lot of iPhone 11's. But we'll tie it in with him doing some snow removal (even though truthfully he enjoys that and would do it for free, we did pay him a bit for it last year so it ties in well), and start him with our old 5S or parents 5C. And then bump up to a 7 or 8 if things go well (taking care of it, and scholastically). It's tough to figure these things out. While we try to do the right thing, I'm not sure we do. He's one of the few not playing fortnight, and smash brothers, whereas most of the school was already playing fortnight back in 5th grade. There are an amazing number of iPhones around the school and town, and lots of AirPods (or at least cases) in the lost and found at the ski resort. While we have a strange mix of financial levels and demographics, it would be interesting to see how things compare in middle school at a random sampling across the nation. I'm sure like a lot of things, it depends. Nice to see AAPL recover some. Contrary to Cramer, I think picking up a little something at $305 or sub $310 yesterday would have been interesting.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Jan 28, 2020 9:06:58 GMT -8
PED as usual has compiled the blind dart throwers analyst estimates. Apple 3.0 Earnings Smackdown: Final spreadsheet Q1 2020 (more detailed info at ped30.com)
Thanks to PED for his always thorough work on such a significant day.
***
Laughing at the thought of my parents buying me a $1000 phone when I was 11. Boy have times changed. Good luck to us all.
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Post by macster on Jan 28, 2020 10:15:36 GMT -8
After my visit to get my Harley serviced (35 degrees). Utility trucks were blocking the alley to my garage and couldn’t get around. Big mistake turning a 800 lib bike on a narrow alley and on a slight incline. It fell gently, me...took a tumble. Instantly my aaplwatch sensed a fall and alerted authorities but I quickly hit the I’m ok button. Just saying it works. Minor damage to me and bike.
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Post by nwjade on Jan 28, 2020 10:39:12 GMT -8
PED as usual has compiled the blind dart throwers analyst estimates. Apple 3.0 Earnings Smackdown: Final spreadsheet Q1 2020 (more detailed info at ped30.com) Thanks to PED for his always thorough work on such a significant day.
***
Laughing at the thought of my parents buying me a $1000 phone when I was 11. Boy have times changed. Good luck to us all. Another way of looking at it: if you were 11, making you 53 years old now, in 1977 an Atari 2600 when it first came out would have set your parents back $200, $855 in today's dollars. Going back into the 1950's $100 bucks equals $1000 now, inflation really is an eye opener.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Jan 28, 2020 10:45:59 GMT -8
After my visit to get my Harley serviced (35 degrees). Utility trucks were blocking the alley to my garage and couldn’t get around. Big mistake turning a 800 lib bike on a narrow alley and on a slight incline. It fell gently, me...took a tumble. Instantly my aaplwatch sensed a fall and alerted authorities but I quickly hit the I’m ok button. Just saying it works. Minor damage to me and bike. It may have been the Harley that the Apple Watch was concerned about. Just kidding, glad you and the bike are okay.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Jan 28, 2020 11:37:50 GMT -8
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Jan 28, 2020 12:01:30 GMT -8
Laughing at the thought of my parents buying me a $1000 phone when I was 11. Boy have times changed. Good luck to us all. Another way of looking at it: if you were 11, making you 53 years old now, in 1977 an Atari 2600 when it first came out would have set your parents back $200, $855 in today's dollars. Going back into the 1950's $100 bucks equals $1000 now, inflation really is an eye opener. Did the 2600 really come out way back then? We were late adopters, getting one as our family xmas present, maybe in '85, for $50. KB Toys! I think it outlandish that these kids are getting expensive iPhones, but at the same time it's how you value money, and who has it. Is it the grand parents trying to show their love, or at least spread their funds? The part that I have an even harder time grasping is when it seems like the money could be much better spent. OTOH, for the friend of ours that doesn't make much more than minimum wage, she doesn't own a laptop. The one iPhone, maybe an 8 that she's had for a few years now, was expensive but saved several other expenses. FWIW, one of the cellular places was advertising iPhone 7's for $99, and 6S's for $49. The older ones are down in price considerably, so not all customers, kid or otherwise, are dropping $1k or more on them.
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Post by dreamRaj on Jan 28, 2020 12:02:07 GMT -8
My WAG:
Rev = 93 B Eps = 4.7 Guidance = 60-62 B
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ems
Member
Posts: 97
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Post by ems on Jan 28, 2020 12:31:46 GMT -8
one of the cellular places was advertising iPhone 7's for $99, and 6S's for $49. The older ones are down in price considerably, so not all customers, kid or otherwise, are dropping $1k or more on them. Those deals usually come with a requirement of at least a 2-yr contract, and the phone is locked so you can't early-terminate and switch carriers without either a fee or some clandestine unlocking, or both. So, price-wise it's subsidized somewhat.
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Post by dreamRaj on Jan 28, 2020 12:33:44 GMT -8
I still think after this huge run-up, if Apple doesn't crack the 90 billion mark, it'll be seen as a disappointment. I'd even expect a small sell-off for a few days.
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Post by artman1033 on Jan 28, 2020 13:01:16 GMT -8
FY 20 First Quarter Results Apple’s conference call to discuss first fiscal quarter results is scheduled for Tuesday, January 28, 2020 at 2:00 p.m. PT / 5:00 p.m. ET. Listen to the conference call webcast here!
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Post by artman1033 on Jan 28, 2020 13:14:26 GMT -8
Apple Reports Record First Quarter Results iPhone, Wearables & Services Drive All-Time Record Revenue and Earnings Cupertino, California — January 28, 2020 — Apple today announced financial results for its fiscal 2020 first quarter ended December 28, 2019. The Company posted quarterly revenue of $91.8 billion, an increase of 9 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $4.99, up 19 percent, also an all-time record. International sales accounted for 61 percent of the quarter’s revenue. “We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables,” said Tim Cook, Apple’s CEO. “During the holiday quarter our active installed base of devices grew in each of our geographic segments and has now reached over 1.5 billion. We see this as a powerful testament to the satisfaction, engagement and loyalty of our customers — and a great driver of our growth across the board.” “Our very strong business performance drove an all-time net income record of $22.2 billion and generated operating cash flow of $30.5 billion,” said Luca Maestri, Apple’s CFO. “We also returned nearly $25 billion to shareholders during the quarter, including $20 billion in share repurchases and $3.5 billion in dividends and equivalents, as we maintain our target of reaching a net cash neutral position over time.” Apple is providing the following guidance for its fiscal 2020 second quarter: revenue between $63.0 billion and $67.0 billion gross margin between 38.0 percent and 39.0 percent operating expenses between $9.6 billion and $9.7 billion other income/(expense) of $250 million tax rate of approximately 16.5 percent Apple’s board of directors has declared a cash dividend of $0.77 per share of the Company’s common stock. The dividend is payable on February 13, 2020 to shareholders of record as of the close of business on February 10, 2020. Apple will provide live streaming of its Q1 2020 financial results conference call beginning at 2:00 p.m. PT on January 28, 2020 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter. Apple periodically provides information for investors on its corporate website, apple.com, and its investors relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance and details related to its annual meeting of shareholders.
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Post by nwjade on Jan 28, 2020 13:16:57 GMT -8
Another way of looking at it: if you were 11, making you 53 years old now, in 1977 an Atari 2600 when it first came out would have set your parents back $200, $855 in today's dollars. Going back into the 1950's $100 bucks equals $1000 now, inflation really is an eye opener. Did the 2600 really come out way back then? We were late adopters, getting one as our family xmas present, maybe in '85, for $50. KB Toys! I think it outlandish that these kids are getting expensive iPhones, but at the same time it's how you value money, and who has it. Is it the grand parents trying to show their love, or at least spread their funds? The part that I have an even harder time grasping is when it seems like the money could be much better spent. OTOH, for the friend of ours that doesn't make much more than minimum wage, she doesn't own a laptop. The one iPhone, maybe an 8 that she's had for a few years now, was expensive but saved several other expenses. FWIW, one of the cellular places was advertising iPhone 7's for $99, and 6S's for $49. The older ones are down in price considerably, so not all customers, kid or otherwise, are dropping $1k or more on them. Yup, I bought my 2600 in 1977. I also bought an Atari 800 in 1980 with optional 32k memory giving it a total of 48k and the external floppy drive for a total of $1200, which is $3768 adjusted for inflation. Today's electronics are a bargain!
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Post by archibaldtuttle on Jan 28, 2020 13:31:52 GMT -8
Apple Q1 EPS $4.99 vs. $4.55 Est.; Q1 Revs. $91.8B vs. $88.50B Est
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Post by incorrigible on Jan 28, 2020 13:32:04 GMT -8
Apple (NASDAQ:AAPL): Q1 GAAP EPS of $4.99 beats by $0.45.
Revenue of $91.82B (+8.9% Y/Y) beats by $3.41B.
Nice !!!
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Post by dreamRaj on Jan 28, 2020 13:32:06 GMT -8
Niiice.
Revenue: $91.8 billion Profit: $22.24 billion EPS: $4.99 Stock: Record highs
Now, that's a beat!!
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Post by dreamRaj on Jan 28, 2020 13:33:24 GMT -8
BEST THING EVER is $63B-$67B guidance. Way over expectations
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Post by dreamRaj on Jan 28, 2020 13:36:06 GMT -8
I think stock is up only by 8 bucks coz people are still rubbing their eyes. It should sink in by tomorrow (and the run continues).
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Post by nwjade on Jan 28, 2020 13:37:32 GMT -8
Apple Q1 EPS $4.99 vs. $4.55 Est.; Q1 Revs. $91.8B vs. $88.50B Est Nice, what news wire do you view for fast results like this? Yahoo finance doesn't even have it posted yet...
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Post by archibaldtuttle on Jan 28, 2020 13:41:49 GMT -8
I follow a lot of AAPL stock related people on twitter. This came out on @cnbc’s twitter even before it was up on apple’s site... 😳
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Post by dreamRaj on Jan 28, 2020 13:41:49 GMT -8
iPhone: $55.96B (This should make the "Apple is an iPhone company" analysts happy) iPad: $5.98B Mac: $7.16B Services: $12.72B Other: $10.01B (first time?) China: $13.58B That's Up YoY
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Post by dreamRaj on Jan 28, 2020 13:48:26 GMT -8
Apart from China, sales intwo other major regions are soaring too: Americas: $41.37B, UP from $36.94B Europe: $23.27B, UP from $20.36B
Also, Tim was right in believing in the iPad all along.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Jan 28, 2020 14:13:41 GMT -8
WOW! just can't describe it.Thanks Apple for all the fish.
I see $323.69 in after hours trading which would be another new all time high.
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Post by silkstone on Jan 28, 2020 14:17:11 GMT -8
Apart from China, sales intwo other major regions are soaring too: Americas: $41.37B, UP from $36.94B Europe: $23.27B, UP from $20.36B Also, Tim was right in believing in the iPad all along. Wow, I sure am glad we didn’t fire Tim.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Jan 28, 2020 14:25:17 GMT -8
Did I read that there is a .77 special dividend? I hope that doesn't mean no stock split.
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